Brent vs WTI Crude Oil – What's the Difference?
Brent vs WTI Crude Oil – What's the Difference? That's exactly what we're going to explain in this video. If you’ve been interested in oil investing for any time at all, you’ve probably seen oil prices go up and down, and you’ve probably noticed that oil seems to have two different prices. One for West Texas Intermediate (WTI), and one for Brent Crude.
But not all oil was created equal. There are actually a variety of factors that we use to differentiate between them, such as the API gravity (the measurement of an oil’s density relative to water).
You might not think that the slight difference in price means much… but the difference is actually vital — and one that every oil investor needs to understand.
WTI has an API gravity of about 39.6, making it quite light (having an API gravity over 10 means the petroleum is lighter and floats on water). It also has a sulfur content around 0.24%, making it very sweet. But WTI's reign as the global oil benchmark was overthrown by Brent crude in 2013.
Brent Crude: Simply put, the preference for Brent crude today stems from the fact that it may be a better indicator of global oil prices. Brent essentially draws its oil from more than a dozen oil fields located in the North Sea. It's also still considered a sweet crude, despite having a higher sulfur content than WTI.
In this video, we go into more detail on the differences between Brent and West Text Intermediate (WTI) crude oil, from how it started to where they are today.
Become a member of Energy & Capital's free E-letter today and get the report "4 Ways to Play $100 Crude" sent right to your inbox. Learn more here: https://secure2.energyandcapital.com/o/op/430068
Highlights
00:00 Introduction
00:59 West Texas Intermediate (WTI) Crude Oil
02:41 Why is Brent Crude More Expensive than WTI?
04:01 The Difference Between Brent and WTI Crude Oil
06:45 Final Thoughts on the Oil Market and Crude Exports
#wticrudeoil #brent #whatsthedifference
Disclaimer: We do not provide personal investment advice. Forward looking statements and projections are subject to change and may be inaccurate. All investing carries risk. Be smart out there. And good luck.
-
LIVE
Sam Tripoli
1 hour agoDoomscrollin #17: Bill Burr, Dogman, Beyonce And The Tik Tok Cult 6/6 at 2:30pm pst
685 watching -
1:59:31
Revenge of the Cis
2 hours agoEpisode 1353: Zoom Meeting
22.4K6 -
1:24
SLS - Street League Skateboarding
6 hours agoAthletic Training for Professional Skateboarders: Jessika Alexander - Kona Spotlight
10.6K4 -
1:01:41
In The Litter Box w/ Jewels & Catturd
21 hours agoFani's Staycation | In the Litter Box w/ Jewels & Catturd - Ep. 581 - 6/6/2024
41K12 -
1:02:55
Lee Camp
5 hours agoLIVE: Israel Calls Up 50,000 More Troops + Biden Bans Refugees!
22.2K -
33:10
TudorDixon
19 hours agoWhat's Planned Parenthood's Role in Gender Ideology? | The Tudor Dixon Podcast
25.9K11 -
42:22
The Why Files
2 days agoProject Looking Glass | The Time Warriors of the 2012 Apocalypse
38.9K46 -
Major League Fishing
2 days agoLIVE Bass Pro Tour: Stage 5, Day 1
70.3K4 -
1:48:49
Barstool Yak
8 hours agoThe Yak with Big Cat & Co. Presented by Rhoback | The Yak 6-6-24
33.9K4 -
23:33
Lou Dobbs
17 hours agoThe Great America Show - Dark Money, Marxist Dem Nightmare
50.3K9